Thursday, October 9, 2008

Getting Short the Long Bond

We have the Dow down as 300 as I write this yet the long bond, ticker TLT is ignoring this. 2 weeks ago treasury bond, which really means safety, prices would have spiked yet they are not. Based on this I am getting short the long bond via the Ultrashort 20yr ticker TBT here at $60.00

I will have some stops posted later on along with some charts.

Good speculating to you all and never forget that "an investor is a speculator who made a mistake and will not admit it".

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